Nexo, the World’s Largest Crypto Lender, Publishes Interim Report

LONDON--(BUSINESS WIRE)--Nexo,
the world’s most advanced instant crypto loan provider, is sharing the interim
report detailing the dividend distribution of $912,071.00 to
eligible NEXO Token Holders that occurred on December 15, 2018.

In just six months, Nexo’s crypto lending model has generated a net
profit of $3,040,239.

The interim dividend was paid in NEXO Tokens based on the NEXO/USD
exchange rate of $0.104256. With just over 309 million eligible tokens
on the platform at the ex-dividend date, US$0.002945 per token were
distributed.

This means that the annualized dividend yield of NEXO is 4.80% which
beats all dividend stocks in Warren Buffett's portfolio: Apple at 1.4%,
JPMorgan at 3%, Wells Fargo at 3.3% and Goldman Sachs at 1.6%. No
withholding taxes are imposed on the interim dividend.

The creation of token holder value and pioneering financial innovation
for the blockchain space are both encoded in Nexo’s DNA. In an
environment where less
than 13 percent of ICOs have delivered a live product, Nexo has
raised funds in a compliant manner, developed a usable crypto-lending
wallet and formed a profitable business model in less than six months.

“We have had people borrow for all sorts of purposes from buying a car
and going on a vacation to purchasing a new home, which are significant
events in people’s lives. Now we are taking the next logical step of
sharing of profits with our community of investors. At Nexo we believe
that this concept will be the next huge trend across a quickly
tokenizing world,” said Nexo Co-Founder Antoni
Trenchev.

A fixed 30% of net profit is paid out as dividend to the eligible NEXO
Token holders in a given dividend period, which not only offers
investors with long-term capital gain opportunities from the potential
upside of the NEXO Token, but also provides them with an instrument with
a regular and growing passive
income.

About Nexo

Nexo
offers the world’s largest and most trusted instant crypto lending
service. A truly borderless enterprise, Nexo offers clients 40+ fiat
currencies to choose from in over 200 jurisdictions. Find out more about
Nexo dividends here.